IWR vs. JUST ETF Comparison

Comparison of iShares Russell Mid-Cap ETF (IWR) to Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST)

IWR

iShares Russell Mid-Cap ETF

IWR Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of the mid-capitalization sector of the U.S. equity market. The underlying index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000® Index.

Grade (RS Rating)

Last Trade

$94.53

Average Daily Volume

1,461,787

Number of Holdings ^*

803

* may have additional holdings in another (foreign) market

JUST

Goldman Sachs JUST U.S. Large Cap Equity ETF

JUST Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Small Cap Equity Index. The fund invests at least 80% of its assets in securities included in its index. The index is designed to deliver exposure to equity securities of small-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology, which was developed to provide exposure to the "factors" that are commonly tied to a stock's outperformance relative to market returns. These factors include value, momentum, quality and low volatility.

Grade (RS Rating)

Last Trade

$84.67

Average Daily Volume

16,662

Number of Holdings ^*

456

* may have additional holdings in another (foreign) market

Performance

Period	IWR	JUST
30 Days	6.87%	2.45%
60 Days	7.84%	4.36%
90 Days	9.96%	5.67%
12 Months	34.02%	31.80%

303 Overlapping Holdings

	Symbol	Grade	Weight in IWR	Weight in JUST	Overlap
	A	D	0.31%	0.08%	0.08%
	AA	B	0.09%	0.03%	0.03%
	AAL	B	0.08%	0.03%	0.03%
	ACGL	D	0.3%	0.1%	0.1%
	ACM	A	0.12%	0.04%	0.04%
	ADM	D	0.21%	0.07%	0.07%
	AEE	A	0.2%	0.07%	0.07%
	AES	F	0.08%	0.03%	0.03%
	AFL	B	0.51%	0.18%	0.18%
	AFRM	B	0.11%	0.03%	0.03%
	AGCO	D	0.05%	0.01%	0.01%
	AGO	B	0.04%	0.01%	0.01%
	AGR	B	0.02%	0.01%	0.01%
	AIZ	A	0.09%	0.03%	0.03%
	AKAM	D	0.11%	0.03%	0.03%
	ALB	C	0.1%	0.03%	0.03%
	ALK	C	0.06%	0.02%	0.02%
	ALL	A	0.43%	0.15%	0.15%
	ALLY	C	0.08%	0.03%	0.03%
	ALNY	D	0.24%	0.07%	0.07%
	AME	A	0.37%	0.11%	0.11%
	AMP	A	0.46%	0.16%	0.16%
	ANSS	B	0.24%	0.07%	0.07%
	APA	D	0.07%	0.02%	0.02%
	APTV	D	0.12%	0.04%	0.04%
	ARMK	B	0.08%	0.02%	0.02%
	ATR	B	0.09%	0.03%	0.03%
	AVB	B	0.27%	0.11%	0.11%
	AVTR	F	0.12%	0.03%	0.03%
	AWI	A	0.06%	0.02%	0.02%
	AWK	D	0.22%	0.07%	0.07%
	AXS	A	0.06%	0.02%	0.02%
	AYI	B	0.08%	0.03%	0.03%
	AZEK	A	0.05%	0.02%	0.02%
	BAH	F	0.16%	0.05%	0.05%
	BALL	D	0.15%	0.05%	0.05%
	BAX	D	0.13%	0.04%	0.04%
	BBWI	D	0.06%	0.02%	0.02%
	BBY	D	0.16%	0.05%	0.05%
	BERY	B	0.06%	0.02%	0.02%
	BG	F	0.1%	0.03%	0.03%
	BHF	B	0.03%	0.01%	0.01%
	BIIB	F	0.19%	0.05%	0.05%
	BK	A	0.48%	0.17%	0.17%
	BKR	B	0.35%	0.1%	0.1%
	BLD	D	0.09%	0.03%	0.03%
	BR	A	0.22%	0.08%	0.08%
	BWA	D	0.06%	0.02%	0.02%
	BXP	D	0.1%	0.04%	0.04%
	CAH	B	0.24%	0.07%	0.07%
	CAR	C	0.01%	0.01%	0.01%
	CBOE	B	0.17%	0.06%	0.06%
	CBRE	B	0.33%	0.14%	0.14%
	CCI	D	0.37%	0.15%	0.15%
	CE	F	0.07%	0.02%	0.02%
	CF	B	0.13%	0.04%	0.04%
	CHH	A	0.03%	0.01%	0.01%
	CHRW	C	0.11%	0.03%	0.03%
	CHTR	C	0.3%	0.08%	0.08%
	CIEN	B	0.08%	0.02%	0.02%
	CLF	F	0.04%	0.01%	0.01%
	CLX	B	0.17%	0.05%	0.05%
	CMA	A	0.07%	0.03%	0.03%
	CMI	A	0.41%	0.13%	0.13%
	CNC	D	0.25%	0.07%	0.07%
	CNH	C	0.08%	0.03%	0.03%
	CNP	B	0.16%	0.05%	0.05%
	COLB	A	0.05%	0.02%	0.02%
	COR	B	0.33%	0.1%	0.1%
	CPB	D	0.07%	0.02%	0.02%
	CRUS	D	0.04%	0.01%	0.01%
	CSGP	D	0.24%	0.1%	0.1%
	CSL	C	0.17%	0.05%	0.05%
	CTSH	B	0.32%	0.09%	0.09%
	DAL	C	0.34%	0.11%	0.11%
	DAY	B	0.09%	0.03%	0.03%
	DBX	B	0.05%	0.02%	0.02%
	DD	D	0.28%	0.09%	0.09%
	DECK	A	0.22%	0.07%	0.07%
	DFS	B	0.36%	0.12%	0.12%
	DGX	A	0.15%	0.04%	0.04%
	DINO	D	0.05%	0.01%	0.01%
	DKS	C	0.09%	0.03%	0.03%
	DLR	B	0.48%	0.2%	0.2%
	DOCU	A	0.13%	0.04%	0.04%
	DOW	F	0.26%	0.08%	0.08%
	DV	C	0.02%	0.01%	0.01%
	DVA	B	0.07%	0.02%	0.02%
	DVN	F	0.2%	0.06%	0.06%
	DXCM	D	0.25%	0.07%	0.07%
	EA	A	0.36%	0.12%	0.12%
	EBAY	D	0.26%	0.08%	0.08%
	EIX	B	0.26%	0.09%	0.09%
	EMN	D	0.1%	0.03%	0.03%
	EQH	B	0.12%	0.05%	0.05%
	EQR	B	0.23%	0.09%	0.09%
	ES	D	0.18%	0.06%	0.06%
	ESS	B	0.16%	0.07%	0.07%
	ESTC	C	0.06%	0.02%	0.02%
	ETR	B	0.26%	0.09%	0.09%
	ETSY	D	0.05%	0.02%	0.02%
	EXC	C	0.32%	0.11%	0.11%
	EXEL	B	0.08%	0.02%	0.02%
	EXPE	B	0.19%	0.06%	0.06%
	FBIN	D	0.08%	0.02%	0.02%
	FCN	D	0.06%	0.02%	0.02%
	FFIV	B	0.11%	0.03%	0.03%
	FHN	A	0.09%	0.03%	0.03%
	FITB	A	0.26%	0.09%	0.09%
	FMC	D	0.06%	0.02%	0.02%
	FOX	A	0.05%	0.02%	0.02%
	FOXA	B	0.09%	0.03%	0.03%
	FSLR	F	0.17%	0.05%	0.05%
	FTV	C	0.22%	0.07%	0.07%
	GAP	C	0.04%	0.01%	0.01%
	GDDY	A	0.21%	0.06%	0.06%
	GEN	B	0.13%	0.04%	0.04%
	GIS	D	0.29%	0.09%	0.09%
	GLW	B	0.29%	0.08%	0.08%
	GPK	C	0.07%	0.02%	0.02%
	GRMN	B	0.27%	0.09%	0.09%
	GTLB	B	0.06%	0.01%	0.01%
	GWRE	A	0.13%	0.04%	0.04%
	H	B	0.06%	0.02%	0.02%
	HAL	C	0.22%	0.06%	0.06%
	HAS	D	0.07%	0.02%	0.02%
	HBAN	A	0.21%	0.07%	0.07%
	HES	B	0.33%	0.1%	0.1%
	HIG	B	0.28%	0.1%	0.1%
	HLT	A	0.5%	0.16%	0.16%
	HOG	D	0.03%	0.01%	0.01%
	HOLX	D	0.15%	0.04%	0.04%
	HPE	B	0.23%	0.06%	0.06%
	HPQ	B	0.3%	0.08%	0.08%
	HRB	D	0.07%	0.02%	0.02%
	HRL	D	0.07%	0.02%	0.02%
	HSIC	B	0.07%	0.02%	0.02%
	HSY	F	0.21%	0.07%	0.07%
	HUM	C	0.27%	0.08%	0.08%
	IDXX	F	0.29%	0.08%	0.08%
	IEX	B	0.14%	0.05%	0.05%
	IFF	D	0.18%	0.06%	0.06%
	ILMN	D	0.18%	0.05%	0.05%
	INCY	C	0.1%	0.03%	0.03%
	INGR	B	0.08%	0.03%	0.03%
	INSP	D	0.04%	0.01%	0.01%
	IPG	D	0.08%	0.03%	0.03%
	IQV	D	0.29%	0.08%	0.08%
	IR	B	0.34%	0.11%	0.11%
	IRM	D	0.28%	0.11%	0.11%
	IT	C	0.32%	0.09%	0.09%
	ITT	A	0.1%	0.03%	0.03%
	IVZ	B	0.05%	0.02%	0.02%
	J	F	0.14%	0.05%	0.05%
	JLL	D	0.1%	0.04%	0.04%
	JNPR	F	0.1%	0.03%	0.03%
	K	A	0.17%	0.06%	0.06%
	KBR	F	0.06%	0.02%	0.02%
	KEY	B	0.15%	0.05%	0.05%
	KEYS	A	0.21%	0.07%	0.07%
	KIM	A	0.14%	0.06%	0.06%
	KMI	A	0.44%	0.12%	0.12%
	KMX	B	0.1%	0.03%	0.03%
	KSS	F	0.02%	0.01%	0.01%
	LDOS	C	0.18%	0.05%	0.05%
	LEA	D	0.04%	0.02%	0.02%
	LH	C	0.16%	0.05%	0.05%
	LHX	C	0.38%	0.12%	0.12%
	LII	A	0.16%	0.05%	0.05%
	LITE	B	0.05%	0.01%	0.01%
	LNC	B	0.04%	0.02%	0.02%
	LNG	B	0.4%	0.11%	0.11%
	LOPE	B	0.04%	0.01%	0.01%
	LPLA	A	0.19%	0.07%	0.07%
	LPX	B	0.06%	0.02%	0.02%
	LUV	C	0.16%	0.05%	0.05%
	LVS	C	0.14%	0.05%	0.05%
	LYB	F	0.18%	0.05%	0.05%
	M	D	0.04%	0.01%	0.01%
	MAS	D	0.14%	0.04%	0.04%
	MDB	C	0.16%	0.04%	0.04%
	MDU	D	0.03%	0.01%	0.01%
	MGM	D	0.07%	0.02%	0.02%
	MKC	D	0.15%	0.05%	0.05%
	MKTX	D	0.08%	0.03%	0.03%
	MLM	B	0.29%	0.09%	0.09%
	MOS	F	0.07%	0.02%	0.02%
	MPWR	F	0.22%	0.06%	0.06%
	MSCI	C	0.38%	0.13%	0.13%
	MTB	A	0.29%	0.1%	0.1%
	MTCH	D	0.07%	0.02%	0.02%
	MTG	C	0.05%	0.02%	0.02%
	NCLH	B	0.09%	0.03%	0.03%
	NDAQ	A	0.27%	0.09%	0.09%
	NDSN	B	0.12%	0.04%	0.04%
	NET	B	0.22%	0.06%	0.06%
	NRG	B	0.16%	0.05%	0.05%
	NTAP	C	0.2%	0.06%	0.06%
	NTNX	A	0.14%	0.04%	0.04%
	NVST	B	0.03%	0.01%	0.01%
	NVT	B	0.1%	0.03%	0.03%
	NWS	B	0.03%	0.01%	0.01%
	NWSA	B	0.09%	0.03%	0.03%
	OC	A	0.14%	0.05%	0.05%
	OGN	D	0.03%	0.01%	0.01%
	OKE	A	0.53%	0.15%	0.15%
	OKTA	C	0.1%	0.03%	0.03%
	OMC	C	0.15%	0.05%	0.05%
	ON	D	0.23%	0.06%	0.06%
	OSK	B	0.06%	0.02%	0.02%
	OTIS	C	0.33%	0.1%	0.1%
	OWL	A	0.09%	0.03%	0.03%
	PAG	B	0.02%	0.01%	0.01%
	PARA	C	0.05%	0.02%	0.02%
	PEG	A	0.37%	0.12%	0.12%
	PEGA	A	0.03%	0.01%	0.01%
	PENN	C	0.03%	0.01%	0.01%
	PFG	D	0.16%	0.06%	0.06%
	PII	D	0.03%	0.01%	0.01%
	PINC	B	0.02%	0.01%	0.01%
	PNFP	B	0.08%	0.03%	0.03%
	PNR	A	0.14%	0.04%	0.04%
	PNW	B	0.09%	0.03%	0.03%
	PPG	F	0.24%	0.07%	0.07%
	PPL	B	0.21%	0.07%	0.07%
	PRU	A	0.38%	0.13%	0.13%
	PVH	C	0.05%	0.02%	0.02%
	PWR	A	0.39%	0.12%	0.12%
	QS	F	0.01%	0.0%	0.0%
	RARE	D	0.03%	0.01%	0.01%
	RCL	A	0.45%	0.15%	0.15%
	RF	A	0.2%	0.07%	0.07%
	RGA	A	0.13%	0.04%	0.04%
	RGEN	D	0.06%	0.02%	0.02%
	RKT	F	0.02%	0.0%	0.0%
	RMD	C	0.28%	0.07%	0.07%
	ROK	B	0.27%	0.08%	0.08%
	RRC	B	0.07%	0.02%	0.02%
	SBAC	D	0.2%	0.08%	0.08%
	SCI	B	0.1%	0.03%	0.03%
	SITE	D	0.05%	0.02%	0.02%
	SLM	A	0.04%	0.02%	0.02%
	SMAR	A	0.06%	0.02%	0.02%
	SNDR	B	0.01%	0.0%	0.0%
	SNV	B	0.07%	0.02%	0.02%
	SOFI	A	0.12%	0.04%	0.04%
	SOLV	C	0.08%	0.02%	0.02%
	SON	D	0.04%	0.01%	0.01%
	SPR	D	0.03%	0.01%	0.01%
	ST	F	0.04%	0.01%	0.01%
	STT	A	0.24%	0.08%	0.08%
	SWK	D	0.11%	0.03%	0.03%
	SYF	B	0.21%	0.07%	0.07%
	SYY	B	0.31%	0.1%	0.1%
	TAP	C	0.09%	0.03%	0.03%
	TDC	D	0.02%	0.01%	0.01%
	TER	D	0.13%	0.04%	0.04%
	TFX	F	0.08%	0.02%	0.02%
	THG	A	0.05%	0.02%	0.02%
	TKR	D	0.04%	0.01%	0.01%
	TNL	A	0.03%	0.01%	0.01%
	TPR	B	0.11%	0.04%	0.04%
	TRU	D	0.15%	0.05%	0.05%
	TSCO	D	0.24%	0.08%	0.08%
	TSN	B	0.15%	0.05%	0.05%
	TTWO	A	0.25%	0.08%	0.08%
	TW	A	0.12%	0.04%	0.04%
	TXT	D	0.13%	0.04%	0.04%
	TYL	B	0.21%	0.06%	0.06%
	UAL	A	0.25%	0.08%	0.08%
	UDR	B	0.12%	0.05%	0.05%
	UNM	A	0.1%	0.04%	0.04%
	URI	B	0.46%	0.14%	0.14%
	USFD	A	0.12%	0.04%	0.04%
	VFC	C	0.06%	0.02%	0.02%
	VNT	B	0.05%	0.02%	0.02%
	VOYA	B	0.07%	0.02%	0.02%
	VRSK	A	0.33%	0.11%	0.11%
	VST	B	0.4%	0.13%	0.13%
	VTR	C	0.21%	0.09%	0.09%
	W	F	0.03%	0.01%	0.01%
	WAB	B	0.28%	0.09%	0.09%
	WAT	B	0.17%	0.05%	0.05%
	WBA	F	0.05%	0.02%	0.02%
	WBD	C	0.18%	0.06%	0.06%
	WDC	D	0.17%	0.04%	0.04%
	WH	B	0.06%	0.02%	0.02%
	WHR	B	0.05%	0.02%	0.02%
	WMB	A	0.57%	0.16%	0.16%
	WSM	B	0.14%	0.04%	0.04%
	WTW	B	0.26%	0.09%	0.09%
	WU	D	0.02%	0.01%	0.01%
	WY	D	0.19%	0.08%	0.08%
	XEL	A	0.32%	0.11%	0.11%
	XRAY	F	0.03%	0.01%	0.01%
	XYL	D	0.24%	0.07%	0.07%
	YETI	C	0.03%	0.01%	0.01%
	Z	A	0.1%	0.04%	0.04%
	ZBH	C	0.19%	0.05%	0.05%
	ZBRA	B	0.16%	0.05%	0.05%
	ZG	A	0.03%	0.01%	0.01%
	ZM	B	0.18%	0.05%	0.05%
	ZS	C	0.15%	0.04%	0.04%

IWR Overweight 500 Positions Relative to JUST

	Symbol	Grade	Weight
	PLTR	B	1.09%
	APP	B	0.63%
	AJG	B	0.52%
	COIN	C	0.5%
	SPG	B	0.48%
	MSTR	C	0.44%
	FICO	B	0.44%
	TTD	B	0.43%
	GWW	B	0.42%
	O	D	0.41%
	FIS	C	0.41%
	FAST	B	0.39%
	SQ	B	0.39%
	DHI	D	0.39%
	KVUE	A	0.38%
	PAYX	C	0.38%
	ROST	C	0.38%
	PCG	A	0.37%
	HWM	A	0.37%
	VRT	B	0.36%
	ODFL	B	0.35%
	AXON	A	0.35%
	TRGP	B	0.35%
	LEN	D	0.33%
	FERG	B	0.33%
	KR	B	0.32%
	CTVA	C	0.32%
	GEHC	F	0.31%
	YUM	B	0.31%
	DDOG	A	0.31%
	VMC	B	0.3%
	NUE	C	0.29%
	ED	D	0.28%
	EXR	D	0.28%
	VICI	C	0.27%
	HUBS	A	0.27%
	FANG	D	0.27%
	MCHP	D	0.27%
	WEC	A	0.26%
	VEEV	C	0.26%
	RJF	A	0.25%
	EFX	F	0.25%
	ARES	A	0.25%
	GPN	B	0.24%
	DOV	A	0.23%
	CPNG	D	0.23%
	BRO	B	0.22%
	FCNCA	A	0.22%
	PHM	D	0.22%
	CHD	B	0.22%
	SW	A	0.22%
	MTD	D	0.21%
	EQT	B	0.21%
	VLTO	D	0.21%
	TPL	A	0.21%
	RBLX	C	0.21%
	NVR	D	0.21%
	TROW	B	0.21%
	CVNA	B	0.21%
	CDW	F	0.2%
	FE	C	0.2%
	CCL	B	0.2%
	DTE	C	0.2%
	CPAY	A	0.2%
	PTC	A	0.19%
	WST	C	0.19%
	EME	C	0.19%
	CINF	A	0.19%
	HUBB	B	0.19%
	NTRS	A	0.18%
	HOOD	B	0.18%
	EXE	B	0.18%
	STE	F	0.18%
	TDY	B	0.18%
	ATO	A	0.18%
	MKL	A	0.18%
	CMS	C	0.17%
	LYV	A	0.17%
	INVH	D	0.17%
	STLD	B	0.17%
	PKG	A	0.17%
	CFG	B	0.17%
	BLDR	D	0.17%
	CTRA	B	0.16%
	IBKR	A	0.16%
	COO	D	0.16%
	DRI	B	0.16%
	IP	B	0.16%
	RS	B	0.15%
	WRB	A	0.15%
	WSO	A	0.15%
	DKNG	B	0.15%
	TOST	B	0.15%
	PODD	C	0.15%
	ARE	D	0.15%
	MAA	B	0.15%
	FDS	B	0.15%
	SNA	A	0.15%
	NI	A	0.14%
	TWLO	A	0.14%
	NTRA	B	0.14%
	DG	F	0.14%
	XPO	B	0.14%
	MANH	D	0.14%
	ALGN	D	0.14%
	FWONK	B	0.14%
	EXPD	D	0.14%
	PINS	D	0.14%
	HEI	B	0.14%
	GPC	D	0.14%
	BURL	A	0.14%
	MOH	F	0.14%
	TRMB	B	0.14%
	RPM	A	0.14%
	ULTA	F	0.14%
	VTRS	A	0.13%
	FNF	B	0.13%
	VRSN	F	0.13%
	DT	C	0.13%
	SUI	D	0.13%
	TOL	B	0.13%
	LNT	A	0.13%
	FIX	A	0.13%
	SSNC	B	0.13%
	AVY	D	0.13%
	UTHR	C	0.13%
	EG	C	0.13%
	MRO	B	0.13%
	ROL	B	0.12%
	JBL	B	0.12%
	EVRG	A	0.12%
	EWBC	A	0.12%
	DOC	D	0.12%
	AMCR	D	0.12%
	ENTG	D	0.12%
	THC	D	0.12%
	PSTG	D	0.12%
	CASY	A	0.12%
	DPZ	C	0.12%
	JBHT	C	0.12%
	L	A	0.12%
	GGG	B	0.12%
	PFGC	B	0.11%
	GLPI	C	0.11%
	JEF	A	0.11%
	DLTR	F	0.11%
	EPAM	C	0.11%
	ELS	C	0.11%
	TXRH	C	0.11%
	RNR	C	0.11%
	SWKS	F	0.11%
	POOL	C	0.11%
	RVTY	F	0.11%
	REG	B	0.11%
	CW	B	0.11%
	SAIA	B	0.11%
	BJ	A	0.1%
	BWXT	B	0.1%
	OVV	B	0.1%
	UHS	D	0.1%
	NBIX	C	0.1%
	HEI	B	0.1%
	BMRN	D	0.1%
	FTI	A	0.1%
	HST	C	0.1%
	WPC	D	0.1%
	ALLE	D	0.1%
	CPT	B	0.1%
	JKHY	D	0.1%
	COHR	B	0.1%
	CLH	B	0.1%
	CAG	D	0.1%
	AMH	D	0.1%
	WBS	A	0.09%
	PRI	A	0.09%
	CACI	D	0.09%
	TECH	D	0.09%
	CCK	C	0.09%
	GNRC	B	0.09%
	CTLT	B	0.09%
	CAVA	B	0.09%
	EVR	B	0.09%
	FND	C	0.09%
	CUBE	D	0.09%
	LW	C	0.09%
	LAMR	D	0.09%
	SJM	D	0.09%
	CG	A	0.09%
	TTEK	F	0.09%
	PAYC	B	0.09%
	RRX	B	0.09%
	DUOL	A	0.09%
	LECO	B	0.09%
	SF	B	0.09%
	AAON	B	0.08%
	TPX	B	0.08%
	GMED	A	0.08%
	DCI	B	0.08%
	SMCI	F	0.08%
	WMS	D	0.08%
	RGLD	C	0.08%
	WYNN	D	0.08%
	WING	D	0.08%
	ORI	A	0.08%
	FRT	B	0.08%
	BRBR	A	0.08%
	TKO	B	0.08%
	SRPT	D	0.08%
	CRL	C	0.08%
	DOX	D	0.08%
	PR	B	0.08%
	GL	B	0.08%
	HLI	B	0.08%
	WTRG	B	0.08%
	WAL	B	0.08%
	CHDN	B	0.08%
	LBRDK	C	0.08%
	EHC	B	0.08%
	MUSA	A	0.08%
	DTM	B	0.08%
	NLY	C	0.08%
	OHI	C	0.08%
	AFG	A	0.08%
	GME	C	0.08%
	LKQ	D	0.08%
	EXP	A	0.08%
	RPRX	D	0.08%
	LAD	A	0.08%
	ALSN	B	0.08%
	WWD	B	0.08%
	KNSL	B	0.08%
	CHRD	D	0.07%
	MEDP	D	0.07%
	ACI	C	0.07%
	X	C	0.07%
	SEIC	B	0.07%
	CZR	F	0.07%
	SKX	D	0.07%
	APG	B	0.07%
	CNM	D	0.07%
	CFR	B	0.07%
	PLNT	A	0.07%
	CHE	D	0.07%
	RIVN	F	0.07%
	EGP	F	0.07%
	RL	B	0.07%
	LNW	D	0.07%
	NYT	C	0.07%
	MTZ	B	0.07%
	TTC	D	0.07%
	CR	A	0.07%
	GLOB	B	0.07%
	WTFC	A	0.07%
	CBSH	A	0.07%
	ZION	B	0.07%
	OGE	B	0.07%
	ITCI	C	0.07%
	FYBR	D	0.07%
	BILL	A	0.07%
	AOS	F	0.07%
	BRX	A	0.07%
	SNX	C	0.07%
	PCTY	B	0.07%
	ROKU	D	0.07%
	KNX	B	0.07%
	PEN	B	0.07%
	AR	B	0.07%
	AXTA	A	0.07%
	WCC	B	0.07%
	RBC	A	0.07%
	EXAS	D	0.07%
	MORN	B	0.07%
	REXR	F	0.07%
	MTN	C	0.06%
	CFLT	B	0.06%
	SN	D	0.06%
	LSCC	D	0.06%
	MTDR	B	0.06%
	VMI	B	0.06%
	DAR	C	0.06%
	CGNX	C	0.06%
	BPOP	B	0.06%
	MTSI	B	0.06%
	MASI	A	0.06%
	ELAN	D	0.06%
	R	B	0.06%
	GXO	B	0.06%
	FR	C	0.06%
	ATI	D	0.06%
	FRPT	B	0.06%
	GNTX	C	0.06%
	ESAB	B	0.06%
	MKSI	C	0.06%
	AGNC	D	0.06%
	VNO	B	0.06%
	S	B	0.06%
	MIDD	C	0.06%
	COKE	C	0.06%
	CART	C	0.06%
	RLI	B	0.06%
	RYAN	B	0.06%
	WEX	D	0.06%
	PCOR	B	0.06%
	PB	A	0.06%
	TREX	C	0.06%
	MHK	D	0.06%
	KEX	C	0.06%
	RHI	B	0.06%
	JAZZ	B	0.06%
	ADC	B	0.06%
	SSD	D	0.06%
	OLED	D	0.06%
	HII	D	0.06%
	NNN	D	0.06%
	ONTO	D	0.06%
	FLS	B	0.06%
	G	B	0.06%
	ENPH	F	0.06%
	RITM	C	0.05%
	VVV	F	0.05%
	PATH	C	0.05%
	NFG	A	0.05%
	THO	B	0.05%
	OLLI	D	0.05%
	BRKR	D	0.05%
	JHG	A	0.05%
	CROX	D	0.05%
	AMG	B	0.05%
	LFUS	F	0.05%
	FNB	A	0.05%
	WFRD	D	0.05%
	IDA	A	0.05%
	LAZ	B	0.05%
	FOUR	B	0.05%
	BFAM	D	0.05%
	DOCS	C	0.05%
	STWD	C	0.05%
	ARW	D	0.05%
	UHAL	D	0.05%
	BEN	C	0.05%
	BIO	D	0.05%
	QRVO	F	0.05%
	COLD	D	0.05%
	OMF	A	0.05%
	ESI	A	0.05%
	SIRI	C	0.05%
	SAIC	F	0.05%
	MAT	D	0.05%
	NOV	C	0.05%
	MSA	D	0.05%
	KD	B	0.05%
	WSC	D	0.05%
	LSTR	D	0.05%
	BSY	D	0.05%
	ELF	C	0.05%
	FAF	A	0.05%
	STAG	F	0.05%
	LYFT	C	0.05%
	HR	C	0.05%
	AZPN	A	0.05%
	KMPR	B	0.04%
	RYN	D	0.04%
	EEFT	B	0.04%
	PSN	D	0.04%
	SLGN	A	0.04%
	CELH	F	0.04%
	KRC	C	0.04%
	SEE	C	0.04%
	CUZ	B	0.04%
	RH	B	0.04%
	FIVE	F	0.04%
	HCP	B	0.04%
	ROIV	C	0.04%
	AVT	C	0.04%
	WTM	A	0.04%
	HXL	D	0.04%
	OLN	D	0.04%
	BYD	C	0.04%
	NXST	C	0.04%
	UGI	A	0.04%
	AL	B	0.04%
	BROS	B	0.04%
	CIVI	D	0.04%
	OZK	B	0.04%
	AM	A	0.04%
	VNOM	A	0.04%
	U	C	0.04%
	VKTX	F	0.04%
	APPF	B	0.04%
	POST	C	0.04%
	CCCS	B	0.04%
	IONS	F	0.04%
	TPG	A	0.04%
	BC	C	0.04%
	WEN	D	0.03%
	AMTM	D	0.03%
	SMG	D	0.03%
	VAC	B	0.03%
	ZI	D	0.03%
	HUN	F	0.03%
	NCNO	B	0.03%
	IRDM	D	0.03%
	EPR	D	0.03%
	HIW	D	0.03%
	ACHC	F	0.03%
	FHB	A	0.03%
	IAC	D	0.03%
	NWL	B	0.03%
	PRGO	B	0.03%
	DNB	B	0.03%
	NEU	C	0.03%
	DXC	B	0.03%
	MSM	C	0.03%
	ASH	D	0.03%
	LINE	F	0.03%
	FLO	D	0.03%
	GFS	C	0.03%
	MSGS	A	0.03%
	GTES	A	0.03%
	AN	C	0.03%
	DLB	B	0.03%
	WLK	D	0.03%
	VSTS	C	0.02%
	CRI	D	0.02%
	UAA	C	0.02%
	ALAB	B	0.02%
	QDEL	F	0.02%
	LBTYK	A	0.02%
	INFA	D	0.02%
	LBTYA	B	0.02%
	IPGP	D	0.02%
	LCID	F	0.02%
	SHC	F	0.02%
	PPC	C	0.02%
	ADT	C	0.02%
	AZTA	D	0.02%
	RCM	F	0.02%
	AAP	C	0.02%
	HAYW	B	0.02%
	CWEN	C	0.02%
	JWN	C	0.02%
	ALGM	D	0.02%
	CPRI	F	0.02%
	SPB	C	0.02%
	MP	B	0.02%
	HHH	B	0.02%
	ENOV	C	0.02%
	MPW	F	0.02%
	BOKF	B	0.02%
	CXT	B	0.02%
	APLS	D	0.02%
	COTY	F	0.02%
	CACC	D	0.02%
	FIVN	C	0.02%
	SAM	C	0.02%
	COLM	B	0.02%
	VIRT	B	0.02%
	CC	C	0.02%
	AMKR	D	0.02%
	ECG	C	0.02%
	AMED	F	0.02%
	MAN	D	0.02%
	RNG	B	0.02%
	SNRE	D	0.02%
	NSA	D	0.02%
	LLYVK	A	0.02%
	PK	B	0.02%
	UWMC	D	0.01%
	PLTK	B	0.01%
	SEB	F	0.01%
	TFSL	A	0.01%
	WOLF	F	0.01%
	LOAR	A	0.01%
	CWEN	C	0.01%
	CNA	B	0.01%
	AS	B	0.01%
	CERT	F	0.01%
	PYCR	C	0.01%
	DDS	B	0.01%
	LLYVA	A	0.01%
	UI	A	0.01%
	TXG	F	0.01%
	REYN	D	0.01%
	TRIP	F	0.01%
	LBRDA	C	0.01%
	LEG	F	0.01%
	DJT	C	0.01%
	GO	C	0.01%
	FTRE	D	0.01%
	FWONA	B	0.01%
	UA	C	0.01%
	CLVT	F	0.01%
	LEN	D	0.01%
	BIRK	D	0.01%
	CNXC	F	0.01%
	PARAA	B	0.0%
	SEG	B	0.0%
	GRAL	C	0.0%
	UHAL	D	0.0%
	NFE	D	0.0%

IWR Underweight 153 Positions Relative to JUST

	Symbol	Grade	Weight
	NVDA	C	-7.5%
	AAPL	C	-7.25%
	MSFT	F	-6.93%
	AMZN	C	-4.89%
	GOOGL	C	-2.25%
	JPM	A	-2.01%
	GOOG	C	-1.91%
	AVGO	D	-1.69%
	LLY	F	-1.41%
	XOM	B	-1.29%
	V	A	-1.24%
	UNH	C	-1.22%
	MA	C	-1.1%
	COST	B	-1.09%
	HD	A	-1.07%
	PG	A	-1.0%
	WMT	A	-0.97%
	BAC	A	-0.9%
	CRM	B	-0.68%
	CVX	A	-0.67%
	ABBV	D	-0.67%
	KO	D	-0.62%
	ACN	C	-0.58%
	PEP	F	-0.58%
	LIN	D	-0.57%
	MRK	F	-0.56%
	GS	A	-0.54%
	DIS	B	-0.53%
	CSCO	B	-0.52%
	ADBE	C	-0.51%
	GE	D	-0.5%
	AMD	F	-0.49%
	CAT	B	-0.48%
	TMO	F	-0.46%
	SPGI	C	-0.46%
	NOW	A	-0.46%
	ABT	B	-0.45%
	MS	A	-0.45%
	BLK	C	-0.45%
	BKNG	A	-0.45%
	PGR	A	-0.44%
	ISRG	A	-0.43%
	NEE	D	-0.43%
	IBM	C	-0.42%
	TXN	C	-0.41%
	LOW	D	-0.41%
	AXP	A	-0.41%
	INTU	C	-0.41%
	QCOM	F	-0.4%
	RTX	C	-0.4%
	C	A	-0.38%
	UBER	D	-0.38%
	HON	B	-0.38%
	VZ	C	-0.38%
	UNP	C	-0.37%
	ETN	A	-0.37%
	CMCSA	B	-0.37%
	T	A	-0.36%
	TJX	A	-0.36%
	PLD	D	-0.36%
	SCHW	B	-0.35%
	DHR	F	-0.35%
	AMGN	D	-0.35%
	AMAT	F	-0.34%
	PFE	D	-0.33%
	MMC	B	-0.32%
	FI	A	-0.31%
	SYK	C	-0.31%
	AMT	D	-0.31%
	ADP	B	-0.31%
	COP	C	-0.31%
	SBUX	A	-0.3%
	BSX	B	-0.29%
	EQIX	A	-0.29%
	LMT	D	-0.29%
	VRTX	F	-0.28%
	BMY	B	-0.27%
	GILD	C	-0.26%
	TMUS	B	-0.26%
	PANW	C	-0.26%
	UPS	C	-0.25%
	MDT	D	-0.25%
	WM	A	-0.25%
	DE	A	-0.25%
	ICE	C	-0.25%
	DUK	C	-0.24%
	MU	D	-0.24%
	PNC	B	-0.24%
	NKE	D	-0.24%
	BA	F	-0.24%
	GEV	B	-0.23%
	ADI	D	-0.23%
	USB	A	-0.23%
	SHW	A	-0.23%
	CME	A	-0.23%
	INTC	D	-0.23%
	TT	A	-0.23%
	CMG	B	-0.22%
	MCO	B	-0.22%
	PYPL	B	-0.22%
	MDLZ	F	-0.22%
	ELV	F	-0.21%
	AON	A	-0.21%
	LRCX	F	-0.21%
	CEG	D	-0.2%
	CI	F	-0.2%
	MCK	B	-0.2%
	TGT	F	-0.19%
	MMM	D	-0.19%
	CL	D	-0.19%
	NOC	D	-0.18%
	TFC	A	-0.18%
	CSX	B	-0.18%
	CDNS	B	-0.18%
	CVS	D	-0.18%
	ZTS	D	-0.18%
	SNPS	B	-0.18%
	REGN	F	-0.18%
	APD	A	-0.18%
	EMR	A	-0.18%
	MRVL	B	-0.17%
	TRV	B	-0.17%
	FDX	B	-0.17%
	GM	B	-0.17%
	MAR	B	-0.17%
	COF	B	-0.17%
	ABNB	C	-0.16%
	SRE	A	-0.16%
	CARR	D	-0.16%
	FCX	D	-0.16%
	ECL	D	-0.16%
	HCA	F	-0.15%
	JCI	C	-0.15%
	BDX	F	-0.15%
	AEP	D	-0.14%
	MET	A	-0.14%
	AIG	B	-0.14%
	ADSK	A	-0.14%
	WDAY	B	-0.13%
	FTNT	C	-0.13%
	CPRT	A	-0.13%
	D	C	-0.13%
	MPC	D	-0.13%
	NEM	D	-0.12%
	LULU	C	-0.11%
	VLO	C	-0.11%
	KMB	D	-0.11%
	F	C	-0.11%
	KDP	D	-0.1%
	EW	C	-0.09%
	OXY	D	-0.08%
	EL	F	-0.04%
	MRNA	F	-0.03%

IWR: Top Represented Industries & Keywords

Industries: Software - Application Banks - Regional - US Diversified Industrials Biotechnology Diagnostics & Research Software - Infrastructure Business Services Utilities - Regulated Electric Asset Management Oil & Gas E&P Specialty Retail Packaged Foods Packaging & Containers Information Technology Services Semiconductors Building Materials Capital Markets Insurance - Property & Casualty REIT - Residential Specialty Chemicals

Keywords: S&P 500 Computing Natural Gas Insurance Nasdaq 100 Real Estate Investment Trust Electronics Banking Aerospace Bank Chemical Electricity Telecommunications Mining Medicine Insurance Products Semiconductor Biotechnology Beverage Cloud Computing

JUST: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Banks - Regional - US Semiconductors Credit Services Diagnostics & Research Utilities - Regulated Electric Capital Markets Biotechnology Business Services Drug Manufacturers - Major Medical Instruments & Supplies Specialty Chemicals Specialty Retail Asset Management Building Materials Insurance - Life Medical Devices Software - Infrastructure Aerospace & Defense

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Dow Jones Component Electricity Telecommunications Bank Electronics Medicine Banking Chemical Aerospace Mining Disability Insurance Products Semiconductor Work From Home Financial Products